Thursday, July 03, 2008

Currency Intervention Won’t Halt the U.S. Dollar’s Nosedive

In fact, the United States holds just about 1% of the world’s $7.6 trillion of foreign currency reserves, and our total position amounts to just 2.5% of the total daily volume of foreign exchange trading. Here’s the bottom line: If the U.S. dollar is going to fall, the U.S. Treasury is completely powerless to do anything to stop it.

read more | digg story

No comments:

1-21-2025

Lauren Sanchez sparks outrage with 'visible lingerie'... 'Government of the wealthy, by the wealthy, and for the wealthy'......